Clarion calls of confrontation roiled through the E.U. after
the state election in Greece on January 25, 2015. Would the E.U., heavily
dominated by its largest state, and the European Central Bank (ECB) accept a
larger public deficit (i.e., more government spending to alleviate the
austerity) and continue the cheap loans, or would Alexis Tsipras, the new Greek
prime minister, have to choose between continued austerity and default?
The full essay is at "Essays on the E.U. Political Economy," available at Amazon.
